Position Summary:The Senior Accountant with assistance from the Staff Accountants will prepare and post all Journal Entries, Prepare Financial Statements, Supporting Documents, and assist in all Accounting functions for the hospital. This includes All AR entries, Payroll entries, Fixed Asset entries, Inventory and other expenses. The Senior Accountant reconciles the AR, Inventory and Fixed Asset accounts and is the lead for all audits and reviews both internal and external.
Responsibilities: - Posting Patient Revenue contractual adjustments, Bad Debt and Credit balances
- Reconciling and posting entries, managing fixed assets and depreciation entries, and all corporate and intercompany transactions
- Calculates accruals for expenses including but not limited to, contract labor, utilities and other operating expenses.
- Oversees deposits of cash on time while keeping accurate accounting records.
- Keeps the manager up to date on all relevant and appropriate matters as it pertains to his/her position.
- Prepares monthly journal entries and maintains complete records of these transactions.
- Reconciles bank statements and keeps an accurate running total of cash on hand.
- Ensures monthly balance sheet account reconciliations are prepared timely and accurately.
- Monitors timeliness and accuracy of capitation payments received from payers.
- Ensures all payables are processed accurately and on time.
- Maintains a tracking system of all monthly capitation revenue, shared/full risk revenue
- Compile and analyze financial information to prepare financial statements including monthly and quarterly management reports in accordance to U.S. GAAP
- Oversees accurate and appropriate recording and analysis of revenues and expenses and ensure financial records are maintained in compliance with accepted policies and procedures;
- Ensures accurate and timely monthly, quarterly and year end close processes making certain all financial reporting deadlines are met;
- Manages daily cash flow and determine excess cash for maximization of return;
- Supports of budget and forecast activities; including fluxes preparation against actual results.
- Prepares for financial audit and coordinate the audit process including working with external auditors
- Collects / analyzes financial information and develop and maintain financial databases;
- Ensures compliance with relevant laws and regulations and integrity of financial data;
- Assists with ad-hoc procedures and tasks as requested from management.
- Prepare monthly internal financial reports (budget vs actual, cash forecast, etc) for clinical operations management team that analyze and summarize primary clinical operations cost.
- Prepare accruals for primary clinical operations cost and work closely with the clinical operations departments to determine the accuracy of accrual calculations.
- Work closely with the clinical director to verify accuracy of clinical payments and cost.
- Leads a team of one or more junior accountants.
- Manages direct reports workflow, coaches, counsels, hires, and disciplines.
- Provides ongoing feedback and periodic, and annual performance evaluations.
- Create a work environment that inspires motivation of direct reports.
Job Qualifications:Minimum Education:Bachelor's degree in Accounting, Finance, or other business related field.
Preferred Education: N/A
Minimum Work Experience and Qualifications:- Ability to communicate effectively verbally and in writing.
- Must be able to work in a union environment.
Preferred Work Experience and Qualifications:- Ability to communicate effectively verbally and in writing.
- At least three - five years, with hospital or general healthcare experience preferred.
- Knowledge of GAAP required and knowledge of IFRS, a plus.
- Knowledge of Healthcare and Financial Applications.
- Computer skills - Proficient in Microsoft Office Suite (e.g., Word, Excel, and PowerPoint).
Full-Time, Exempt
